Egypt’s real estate market is entering a new phase. For years, frozen rental laws, fragmented property records, and limited transparency kept much of the sector outside the formal economy, favoring new cities and high-end projects while older urban areas stagnated. That balance is now shifting, driven by legal reform, foreign capital inflows, and tourism strategies reshaping demand. *All data is from the latest real estate industry insight by the American Chamber of Commerce in Egypt. Real estate as a strategic economic pillar The sector now contributes roughly 10–11% of GDP, alongside manufacturing and tourism. In H1 FY 2024/25,…
Author: Rana Salem
Speaking at the American Chamber of Commerce in Egypt (AmCham) luncheon on February 1, Karim Badawi, Minister of Petroleum and Mineral Resources, returned to conversations that began in mid-2024, when Egypt’s energy sector was under pressure and confidence among partners was being tested. What he outlined was not a list of pledges or a polished roadmap, but a strategic framework built around six pillars that now guide how Egypt is approaching energy, mining and investment — and how these strands are increasingly being aligned. Energy security before anything else Badawi made clear that energy security remains the government’s primary objective.…
As Egypt advances its national development agenda amid economic, environmental, and technological shifts, the United Nations Development Programme (UNDP) continues to play a central role in supporting inclusive and sustainable growth across the country. With more than five decades of partnership in Egypt, UNDP works closely with government institutions, the private sector, and local communities to translate national strategies into tangible development outcomes. As she begins her tenure as UNDP Resident Representative in Egypt, Chitose Noguchi steps into a country navigating an important phase of transformation. In this interview with Business Monthly, she outlines UNDP’s role in supporting Egypt Vision…
The American Chamber of Commerce in Egypt’s Real Estate Conference, held on January 27, offered a timely snapshot of a sector undergoing a structural reset. After years driven by inflation, currency depreciation, and speculative demand, Egypt’s real estate market is recalibrating toward a more disciplined phase, shaped by macroeconomic stabilization, product quality, and the early emergence of real estate as an export-driven industry. The transition is gradual and uneven, but speakers agreed it is structural rather than cyclical. Stabilization, without complacency Opening the conference, Mohamed Youssef, CEO of Dcode Economic and Financial Consulting, framed Egypt’s economy as emerging from a…
Egypt’s balance of payments recorded an improvement in the first quarter of fiscal year 2025/2026, as the current account deficit narrowed, according to data released by the Central Bank of Egypt (CBE) on January 21. The CBE said the current account deficit declined by 45.2 percent year-on-year, reaching $ 3.2 billion during the July–September 2025 period, compared with US$ 5.9 billion in the same quarter of the previous fiscal year. The overall balance of payments (BoP) recorded a deficit of $ 1.6 billion, compared with $ 991.2 million a year earlier. Current account developments According to the CBE, net unrequited…
At the World Economic Forum (WEF) in Davos, President Abdel Fattah El-Sisi highlighted Egypt’s reform-driven development model, linking infrastructure, private-sector growth, and human capital to long-term economic resilience and regional stability. El-Sisi highlighted that Egypt’s investments over the past decade have strengthened both economic fundamentals and the country’s role as a stabilizing force in the region. “The infrastructure per se is in itself a stabilizing factor, because businessmen and institutions are inclined to come to Egypt to contribute,” he said on January 21. Infrastructure and connectivity as growth drivers The president outlined Egypt’s focus on building modern infrastructure to attract…
Egypt is strengthening its position in artificial intelligence (AI) readiness as governments across the Middle East and North Africa (MENA) shift from policy design to implementation, according to the 2025 Government AI Readiness Index published by Oxford Insights. Egypt’s AI readiness Within the MENA region, Egypt is identified as one of the countries accelerating its AI agenda through updated policy frameworks and expanded public-sector digitalization. The report points to Egypt’s revised national AI strategy as a key driver of progress, aligning AI policy more closely with broader digital transformation priorities. This momentum is underpinned by Egypt’s Digital Egypt agenda under…
Egypt has signed agreements worth more than $1.8 billion to develop two major clean energy and battery manufacturing projects, marking one of the country’s largest steps to date toward building a fully integrated renewable energy ecosystem. The agreements were signed on January 11 and witnessed by Prime Minister Mostafa Madbouly ahead of his visit to the Suez Canal Economic Zone, underscoring the projects’ strategic importance to Egypt’s energy and industrial ambitions. Energy Valley: a new model for round-the-clock clean power The first project, led by Norway-based renewable energy company Scatec, will see the development of the Energy Valley project in…
Egypt is positioning itself as a regional and increasingly global digital hub, driven by rapid growth in offshoring, artificial intelligence adoption, and large-scale talent development, Communications and Information Technology Minister Amr Talaat said on December 18. Speaking at the American Chamber of Commerce in Egypt (AmCham Egypt) Luncheon, Talaat said the country’s digital strategy is delivering measurable economic outcomes, including job creation, export growth, and rising investor confidence. The number of companies operating offshore from Egypt has increased from 90 in 2022 to 240 today, while ICT exports linked to offshoring have nearly doubled, rising from $2.5 billion to $4.8…
Egypt and the African Export–Import Bank (Afreximbank) have taken a significant step toward reshaping Africa’s gold economy, signing a memorandum of understanding (MoU) to explore the creation of a pan-African Gold Bank. The initiative aims to formalise gold value chains, strengthen central bank reserves and reduce the continent’s dependence on foreign refining and trading hubs. The agreement was signed at the Central Bank of Egypt’s headquarters by CBE Governor Hassan Abdalla and Afreximbank President and Chairman George Elombi. Under the MoU, the two institutions will jointly commission a feasibility study to assess the technical, commercial and regulatory requirements for establishing…